Olivier Borreman retweetledi

Be me, Dutch investor
Netherlands approved 36% unrealized gains tax
WTF does that even mean
Put $1,000 into stocks
Year 1:
• Stock goes to $2,000
• Government: "you made $1,000, pay $360 cash tax"
• MFW I didn't sell anything
• Forced to sell shares to pay
• Everyone else forced to sell too
• Mass panic selling
• Stock crashes to $800
• I have $440 left after paying tax
Year 2:
• Stock recovers to $1,200
• Government: "you made $400, pay $144"
• Forced selling again
• Price drops to $900
• I have $756 left
Year 3:
• Stock at $1,000
• Government: "you made $100, pay $36"
• Smart money has fled Netherlands
• I have $964 in stock
• MFW I paid $540 in taxes
• MFW stock is back where it started (0% gain)
• MFW I only have $460 left
• Lost 54% on a stock that broke even
MFW the government made more money off my investment than I did
Government: "Thanks for the $540! 😊"

The Kobeissi Letter@KobeissiLetter
BREAKING: Netherlands’ House of Representatives has approved a 36% tax on unrealized capital gains.
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